All indices in a bull flag setup. SPY, QQQ and DIA in a bearish divergence. Utilities (XLU) and Basic Material (XLB) led the sectors.

 SPY Market Forecast 96.52 Defensive pointing down in the upper zone           
   0.48   PCALL - 10 day SMA (0.75 - 1.00)           
   144.09   SKEW (120 - 140)             
                  
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA             
  6-months UP               
  10-days UP               
  3-days DOWN               
                  
Indices                  
UP:                     
Down:     DIA -0.29% ; SPY -0.33% ; IWM -0.58% ; QQQ -0.69%      
                  
  TLT +1.30% at 150.96             
  VIX +3.25% at 17.78             
                  
SPY   : Bull Flag Setup    above 30ds SMA      Bearish Divergence       
QQQ   : Bull Flag Setup    above 30ds SMA      Bearish Divergence       
DIA   : Bull Flag Setup    above 30ds SMA      Bearish Divergence       
IWM   : Bull Flag Setup    above 30ds SMA           
                  
                  
Sectors                  
  6 sectors closed higher led by  XLU +0.51%  and  XLB +0.46%    Lower =  5     
  11            closing above 30d. SMA  and 0   closing below.
                  
XLU leaders     :    EXC, XEL, ETR, SO             
XLB leaders     :    IFF, CTVA, SEE, DD             
XLE leaders     :    MPC, BKR, PSX, HFC            
                  
Uptrend XLB, XLE, XLRE, XLP, XLI, XLV, XLK, XLF, XLY             
Sideways XLU, XLC               
Downtrend                 
                  
                  
Breath:                  
NYSE Weakened  as  Decliners led  1563   to   1745 and  Nasdaq   Weakened   as  Decliners led 1871   to   2710  
                  
                  
NDX Leaders:                   
56 closing higher  and  45 closing Lower            
OKTA : +4.00% ;  MELI : +3.64% ;  CRWD : +3.62%        
                  
DJIA Leaders:                   
13 closing higher  and  17 closing Lower            
NKE : +1.15% ;  HON : +0.89% ;  CSCO : +0.77%        
                  
SP500 Leaders:                   
252 closing higher  and  248 closing Lower            
DHI : +5.18% ;  GPS : +4.17% ;  IFF : +3.79%        
                  
NASDAQ 100                 
                  
Nasdaq Above 30MA    =  75               
OKTA, MELI, CRWD, SPLK, AMZN, AMAT, LRCX, EXC, CDNS, SNPS, MU, ORLY, EA, KLAC, MNST, FAST, COST, CDW, HON, LULU, CSCO, ADP, NFLX, PEP, VRSK, MDLZ, ROST, QCOM, DOCU, DLTR, CTSH, KHC, TEAM, VRSN, BKNG, ADI, ADBE, WDAY, AAPL, CSX, AMGN, CPRT, ADSK, INCY, KDP, ALGN, CTAS, ASML, DXCM, ANSS, GOOG, GOOGL, MRVL, PAYX, AVGO, MSFT, ISRG, INTU, CERN, SIRI, NVDA, VRTX, AMD, SBUX, NXPI, FB, PCAR, REGN, XLNX, MCHP, WBA, MAR, SGEN, NTES, TSLA
                  
Stocks to watch on  Wednesday               
                  
 Nasdaq100  xsing above30   = 1              
  EA                
                  
 Nasdaq100  xsing below30  = 5              
  IDXX, TMUS, AEP, SWKS, TCOM              
                  
                  
MACD Crossover:                
Up   2               
CRWD, SPLK                 
                  
Down   4               
PEP, REGN, SWKS, TSLA                
                  
                  
SETUPS                 
BF  : ADBE, CTAS, PAYX, EXC, PEP, ADP, COST, FAST, GOOGL, KLAC, MNST, NFLX, GOOG, MAR, LULU, ISRG, ANSS, SGEN, AVGO     
HBO  : AMZN, MSFT, SBUX, ALGN, CTSH, SPLK, PCAR, XLNX, ASML, TMUS, LRCX, VRSK, MCHP, MELI, MU, VRSN, BKNG, CRWD, FB, NXPI, DXCM, OKTA, TEAM, HON
2T  : TSLA, ORLY               
MACD  :                 
CHANNEL  : AAPL, INTC, CHKP, CHTR, IDXX, SWKS, TCOM, XEL, CDW, BIIB, FOXA, FOX, CERN, EBAY, TXN, AMGN, DOCU, INCY, SIRI, CSX, EA, ILMN, KHC, AEP, REGN, MDLZ, KDP, MTCH, PDD, VRTX, WBA
BEAR  : PYPL, FISV, ATVI, GILD, CMCSA, MRNA, PTON             
NH  : CDNS, QCOM, SNPS, AMD, MRVL              
EPS  : NVDA, CPRT, WDAY, ROST, ADI, INTU, AMAT, ADSK, BIDU, CSCO, DLTR, JD, NTES, ZM